Car auction houses are continuing to report record-breaking prices as demand in the used market remains buoyant with new car volumes continuing to fall.
Used cars are in high demand as the supply of vehicles remains restricted by the global semiconductor shortage.
Renault Group and its subsidiary RCI Bank and Services have acquired an equity stake in Mobility Trader Holding GmbH, to contribute to the development of the heycar platform.
Used car transactions grew by 108% year-on-year in the second quarter of 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
Used car residual values continued to rise in July marking five months of growth, according to Cap HPI.
JustGoEV has launched an online marketplace for new and used electric, plug-in hybrid and hybrid cars.
Used car trade values are continuing an “unparalleled shift upwards”, according to Cap HPI.
BCA saw an ‘exceptionally strong performance’ with record number of customers buying online and sold volumes rising ‘significantly’, in May 2021,
Double digit increases reported in used car prices in recent months are likely to continue and could go even higher, says the VRA.
Aston Barclay has developed a used car desirability index that can help fleet operators understand which models are commanding the most attention at auction.
Used car values have returned to growth after five months of decline, according to Cap HPI.
Adesa UK has partnered with QA Vehicle Solutions, expanding its defleeting operations into Scotland.
Fleet and remarketing decision-makers need to prepare for a looming volume returns challenge, MJB Automotive is warning.
New car sales in the UK have taken a hit as a result of the county’s third national lockdown, with used car sales helping to prop-up the motor retail sector.
Cap HPI has reported a 1.4% decline in used car values during January, as a result of falling demand.
Group 1 Automotive has renewed its exclusive remarketing deal with BCA to support its used car programme for a further two years.
Autorola is warning that electric vehicle (EV) prices in used value guides should be used “sparingly” based on its experience of online sales in 2020.
Copart have announced expansion plans for its Bristol Operation Centre as part of its ongoing growth programme.
Shoreham Vehicle Auctions (SVA) says it’s important for vendors to keep physical buyer options open, otherwise they risk compromising bids and used car prices.
Fiat Chrysler Automobiles (FCA Group) has launched a dedicated online auction platform to sell end-of-contract vehicles from its Leasys and FCA Bank businesses.
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